BUSINESS
Momentum for railway, defence in India Budget
The provision of Rs 1 lakh crore for R&D is a ground-breaking move
BUSINESS
Larsen & Toubro: Growth momentum could moderate
Stock upside is capped because of the likely sluggishness in domestic business
MONEYCONTROL-RESEARCH
JSW Energy: Riding ahead of its earnings growth
The company is benefiting from higher power demand and elevated price
BUSINESS
Budget 2024: Infrastructure - Government likely to continue capex push
While this will be an Interim Budget, the overall mood is that the government will continue to spend, particularly because private capex is at a nascent stage and there is buoyancy in government revenues
BUSINESS
Suraj Estate IPO: Apply for listing gains
Given the balance sheet issues in the past, the IPO is richly valued.
BUSINESS
Inox India IPO offers a long-term compounding opportunity
The company is likely to benefit from the rising demand for cryogenic equipment
INDIA
Ircon International: In-line numbers, big-ticket orders take focus
Robust capex on railways and highways will boost order book and provides greater visibility
BUSINESS
Hindustan Aeronautics: Strong earnings visibility and order pipeline to support stock valuation
Monopoly status, advanced manufacturing capabilities, global partnerships, and a robust order book augur well for the company
BUSINESS
Cochin Shipyard: Strong order book to support higher earnings visibility
Though long-term opportunities are intact, near-term stock gains could be moderate
BUSINESS
Engineers India: Lower growth, uncertainties could keep stock under pressure
Over the next six months, orders worth Rs 30,000-40,000 cr could come up for bidding and the company is eying orders worth about Rs 2,500-3,000 crore. The stock has, however, undergone a rerating and valuations are high
BUSINESS
MTAR Technologies: Earnings take a brief pause, but stock is gradually turning attractive
Though the company missed the expected growth in Q2FY24, because of the declining revenue in the clean energy segment, the quality of business, size of opportunity, capital allocation, and order book visibility remain intact.
BUSINESS
Power Grid Corporation of India: Back on the growth path
A planned increase in capex provides earnings visibility
BUSINESS
Tata Power: Growth driven by new businesses to support the stock
Big initiatives in renewable and clean energy to start reflecting in the performance over the next two years
BUSINESS
Cummins India: Too much uncertainty, high valuation limit stock upside
Increasing competition, constant need for product changes and persistent issues in export markets lower the predictability of its business in the near term
BUSINESS
This engineering stock in the water space has an interesting turnaround story
As execution improves and new orders get billed, earnings will start improving
BUSINESS
Thermax: Improving growth outlook led by margins and orders
All-round improvement with decent growth in different businesses and segment
BUSINESS
KEC International: Strong earnings visibility, low valuations to support stock
Recovery in T&D business and improvement in margins augur well for the company
BUSINESS
This defence company is graduating from good to great. A worthy bet?
Focus on exports and other emerging segments will help to sustain growth and protect margins
BUSINESS
Larsen & Toubro: Improving fundamentals, strong earnings visibility to support the stock
Orders in hand have jumped, execution has been robust, and domestic capex cycle continues to grow
BUSINESS
NTPC: On a path to deliver better returns
Scaling up of renewable capacity will aid the company’s near-term growth
MONEYCONTROL-RESEARCH
JSW Energy: In an expansion mode
The company will continue to benefit from higher merchant sales and realisations, thanks to increasing peak power deficit. Strong pipeline of projects would support growth and earnings.
BUSINESS
GRSE: Strong orders, improving execution to support earnings-led recovery
In fiscal 2023, the company’s revenue grew by 46%. In fiscal 2024, it is expected to be even better. In fact, in the first quarter of FY24 itself, the company has reported a good 30.4% growth.
BUSINESS
Both turnaround, growth from emerging businesses to drive this stock
Tata Power’s ongoing growth capex, strong focus on green energy and efforts to improve its traditional business hold promise.
BUSINESS
This defence stock gets it right for safety of capital, reasonable returns
HAL, with its focus on both domestic and international markets and ongoing capacity expansion, is well-positioned to capitalise on the growth potential in the defence aerospace sector.
